https://www.taxtmi.com/caselaws?id=63523 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, allowing all three appeals. The ITAT found insufficient evidence to support the claim that the house was held benami by the assessee in his wife's name. As the burden of proof regarding benami ownership was not met, the ITAT excluded the house's value from the net wealth calculation for the relevant assessment years 1970-71 to 1972-73. en-us Wed, 24 Mar 1982 00:00:00 +0530 Mon, 31 Jan 2011 14:57:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63523 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, allowing all three appeals. The ITAT found insufficient evidence to support the claim that the house was held benami by the assessee in his wife's name. As the burden of proof regarding benami ownership was not met, the ITAT excluded the house's value from the net wealth calculation for the relevant assessment years 1970-71 to 1972-73. Case-Laws Wealth-tax Wed, 24 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63523